Revolut brings business management features to its retail app with Revolut Pro
A stepping stone between Revolut Consumer and Revolut Business apps.
As well as a free business banking account, Revolut Pro includes a dedicated IBAN and a 1 per cent cashback debit card, letting freelancers easily segment their work income without the need for a separate app.
The fintech says those with “advanced needs” can still use Revolut Business, which has free, professional (£7/month) and ultimate (£25/month) tiers with higher levels of payments, card processing and account management features available.
“The explosive increase in gig workers, artists, bloggers, and the like alongside more traditional individual professions including private teachers, home service providers and fair vendors has driven demand for better ways for those working on their own projects, be it full time or part time, to manage income and expenses,” said Maria Marti Garcia, the product owner of Revolut Pro.
Initially, Revolut Pro will be made available in the UK and seven other European countries, with plans to roll it out to more EEA markets soon.
Ultimately Revolut Pro appears to be a new stepping stone placed between Revolut’s consumer and business products, hopefully paving the way for more of the fintech’s freelance and gig worker users to eventually move across to its dedicated Revolut Business offering.